Veteran Value Manager
Took a Big Risk by Playing
His Investments Safe

Boom Times Were Bust
For Jean-Marie Eveillard,
But Bear Market Was a Boon

By

Ian McDonald Staff Reporter of THE WALL STREET JOURNAL

Updated Oct. 4, 2004 12:01 a.m. ET

In recent years, mutual-fund manager Jean-Marie Eveillard went from being revered, to reviled, then back to being revered again -- all without changing his self-described "quirky" investment strategy.

Now Mr. Eveillard, 64 years old, plans to retire at year end from his posts as co-president and portfolio manager of First Eagle Funds, formerly known as the SoGen Funds. Fund investors and fund managers alike could learn...